Minmetals unit redeems $200 million perpetual capital securities

By Rebecca Melvin

Concord, N.H., June 15 – Minmetals Land Ltd. announced that its subsidiary Excel Capital Global Ltd. has redeemed the $200 million of senior perpetual capital securities in full and is withdrawing the listing from the Stock Exchange of Hong Kong Ltd.

The securities were redeemed in accordane with the terms of the indenture on May 17.

Withdrawal of the listing from the Hong Kong Exchange is expected to become effective on June 22.

HSBC was trustee of the issue.

The metals and minerals trading company is based in Beijing.

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